Dealing with loss is an extremely difficult scenario, especially when the loss is unexpected; but if the death brings financial stress or even results in the loss of your home, the effect can be catastrophic.
Life Insurance can provide financial security for your loved ones if the unfortunate occurs and you can no longer provide for your family. It pays a specified amount to your beneficiaries ensuring they are well cared for in the event of your death. A lump sum or equivalent instalments can be paid to the policy owner, nominated beneficiaries or to your estate.
Research has shown that the majority of Australians are underinsured or do not have any life insurance at all; a concern given the increasing debt levels amongst Australians.